DeepSeek did more than just show the AI industry you don’t have to spend billions to build artificial intelligence. It fired up a long-dormant Chinese tech industry – and now Western names from OpenAI Inc. to Nvidia Corp. may pay the price. Since DeepSeek upstaged OpenAI in January with a powerful model that purportedly cost…
Mar 26, 2025 Vivo, China’s leading smartphone manufacturer, is set to increase its focus on international markets, aiming for overseas sales to constitute 70% of its revenue within two years. Bloomberg reports that Vivo’s Chief Operating Officer, Hu Baishan, shared these ambitions during an interview at the Boao Asia Forum in Hainan. Currently, more than…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
HONG KONG (Reuters) — Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with more confidence following Chinese President Xi Jinping’s February meeting with business entrepreneurs. The rare meeting with Alibaba co-founder Jack Ma and other big names in Chinese tech marked a distinct thawing in Beijing’s approach to…
DeepSeek has not only boosted China’s confidence in its quest for leadership in the global artificial intelligence (AI) industry, but also rapidly transformed the domestic AI model landscape into a solar system, where the start-up becomes the sun around which a number of major planets revolve. A year ago, China’s large language model (LLM) sector…
Financial Secretary Paul Chan Mo-po’s announcement, in his latest budget speech, of Hong Kong’s aspiration to become an international exchange and cooperation hub for artificial intelligence (AI) is bold and timely. As one of the world’s most connected cities, Hong Kong has the potential to play a pivotal role in the global AI conversation. However,…
Financial Secretary Paul Chan Mo-po’s announcement, in his latest budget speech, of Hong Kong’s aspiration to become an international exchange and cooperation hub for artificial intelligence (AI) is bold and timely. As one of the world’s most connected cities, Hong Kong has the potential to play a pivotal role in the global AI conversation. However,…
Companies such as Meta, Microsoft, BlackRock, and Chevron are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy. While the reasons for…
Aging baby boomers could hold the key to a $1 trillion opportunity in the stock market, Mizuho says. Americans over the age of 75 are expected to make up 10% of the population by 2030, analysts said. Spending by the cohort, meanwhile, is expected to grow by over $1 trillion in the next five years….